Never can tell, a lot of stocks I see don't seem to follow the market cap to earning and O/S ratio at all, sometimes in a very good way for shareholders, where price and market cap goes way above revenue, sometimes in a not so good way, where market cap is even below revenue.
Couple of things this has in its favor, It's a new stock to the market so that alone should generate some interest, it already has revenue and assets, and even after the merger, from what ssp said, the new number of O/S won't be a part of the public float right away, which could leave a window for an interesting period for the stock, my opinion anyway.